Phasecraft is a quantum software company whose goal is to get the most out of near-term quantum computing hardware.
Phasecraft is taking quantum theory from research to reality, faster.
Phasecraft was founded in 2019 by Toby Cubitt, Ashley Montanaro and John Morton. The company is headquartered in Bristol and London, United Kingdom.
Phasecraft, through deep understanding of quantum theory and the needs of potential end users, applies its quantum computing expertise to bridge the gulf between hardware and applications, speeding up the quantum computing timeline.
Phasecraft has developed an algorithm that significantly reduces the level of quantum computing power needed to run a calculation that could pave the way for the development of exotic new materials.
Phasecraft is backed by LocalGlobe, Episode 1, Parkwalk, the UCL Technology Fund, Former Songkick founder and prominent angel investor Ian Hogarth and others. The company raised £3.7M in a Seed round on Dec 11, 2020. This brings Phasecraft's total funding to £5.5M ($7.3M) to date.
